ID Theft Expert, Joel S. Lisker, Joins Cyota's Team of Anti-Fraud Specialists; Cyota adds former MasterCard SVP of Security and Risk Management to its Advisory Board

Business Wire, June 10, 2004

Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--June 10, 2004

Cyota, the leading provider of anti-fraud and security solutions for financial institutions, announced today that renowned security and identity theft expert, Joel S. Lisker, has joined the company's advisory board. In this position, Mr. Lisker will advise and work with Cyota's executive team on its anti-fraud and ID theft solutions. Mr. Lisker is the former Senior Vice President of Security and Risk Management at MasterCard International, and currently serves on two FBI industry task forces dealing with terrorist financing and identity theft.

"I'm delighted to join Cyota's team," commented Mr. Lisker, "Cyota is clearly emerging as the world's leader in fighting fraud and ID theft in the financial industry with its solutions in use by 8 of the world's top 12 banks. Over the past few years Cyota has been at the forefront of introducing new, innovative anti-fraud tools with the latest example being the company's anti-phishing solution, FraudAction."

"At Cyota, we pride ourselves on the quality of our executive team's anti-fraud and security background and experience in the financial industry; Joel's addition will greatly contribute to our overall company strategy and direction." said Naftali Bennett, CEO, "We are overjoyed to have Joel working with Cyota and look forward to learning from his years of experience in our field."

Mr. Lisker brings over 20 years of experience in security, risk management and anti-fraud expertise to Cyota's advisory board. He was most recently the Senior Vice President for Security and Risk Management for MasterCard International where he served as the company's worldwide senior security representative for matters relating to the fraudulent use of its numerous card products.

Previously, Mr. Lisker served as an FBI Agent and later, a Special Agent Supervisor assigned to FBI Headquarters. Next Mr. Lisker served as senior trial attorney in the U.S. Department of Justice Criminal Division, Internal Security Section. In 1981, he was selected by the Chairman of the U.S. Senate Committee on the Judiciary to be Chief Counsel and Staff Director of its Sub-Committee on Security and Terrorism, and in 1987, Mr. Lisker was selected as Associate Counsel to the Senate Select Committee on Secret Military Assistance to Iran and the Nicaraguan Opposition.

Cyota recently introduced FraudAction(TM), the company's comprehensive solution to financial institution email fraud and phishing attacks. The service is currently live with several global banks. FraudAction was designed specifically for financial institutions and their needs by Cyota's fraud experts with input from its industry advisors, and based on the company's extensive experience with multiple deployments of anti-fraud systems at leading banks worldwide.

About Cyota

Cyota is the leading provider of security and anti-fraud solutions for financial institutions. Cyota services multiple clients in North America, Europe and Asia-Pacific with anti-fraud and security systems currently available to over 350 million accountholders. Founded in 1999, Cyota is headquartered in New York with offices worldwide. Cyota is led by a respected management team with extensive experience in the security, Internet and banking industry. For more information please visit www.cyota.com